SWe will now look at U.S. distillate supply for
last fall through this fall and the prospects for the next few months and how
that will leave us prepared (or possibly somewhat unprepared) for the coming
winter.

SOf course, a key aspect of this discussion
will be the impacts of hurricanes Katrina and Rita on U.S. distillate supply
and what distillate supply may be as we move into the winter fuels season.